Thursday, August 13, 2015

The EU is ready to give Greece the next bridge loan by € 6 billion – RBC

Photo: Oleg Yakovlev / RBC

The plans to give Greece the next bridge loan, this time to no more than three months, Reuters reported with reference to the article of the newspaper Bild, which will be published on Friday 14 August. The German edition refers to the proposal that a meeting of finance ministers of the eurozone countries prepared the European Commission.

The meeting of eurozone finance ministers in Brussels scheduled for August 14. The agency points out that already 20 August Greece will have to pay the European Central Bank € 3,2 billion to repay another loan debt.

Greek Finance Minister Euclid Tsakalotos earlier this week opposed to Greece took additional loans to pay for urgent debt.

Despite the achievement of Greece and international lenders agreement in principle to provide assistance in Athens € 85 billion, to highlight the need to help resolve a number of technical details, and parliament should take the law on financial assistance. As noted by Reuters, the opposition-minded members of the Greek Parliament are trying to delay the process of adopting the law.

The previous bridge loan (short-term loan to cover current liabilities) was issued in Greece in mid-July and amounted to € 7 billion.

 Despite achieving an agreement in principle on the third package of aid to Athens, 71% of the 34 surveyed by Bloomberg economists expressed fears that Greece will leave the euro zone by the end of 2016. Almost half of the experts surveyed said that the $ 85 billion offering in Greece – insufficient amount for the salvation of the Greek economy.

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